Molina to eliminate 1,500 jobs, exit some ACA markets

Molina, a major player in Medicaid health plans and the ACA, is cutting jobs and exiting some Obamacare markets.

By Zachary Tracer|August 02, 2017 at 02:24 PM|Originally published on Benefitspro.Com

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Molina, a major player in Medicaid health plans and the ACA, is cutting jobs and exiting some Obamacare markets. (Photo: iStock)

(Bloomberg) — Molina Healthcare Inc. is cutting costs, shrinking its headcount and exiting some Obamacare markets after the health insurer posted a steep second-quarter loss, three months after pushing out the brothers who’d led the firm their father founded.